The corollary to this it alludes to a belief that the company will be around in 2019 to potentially recieve $400k of that value and the attached condition Mr Grech in the same role. If either do not carry through then the reward is void.
If the company is operating intact (as presumably it must be if Mr Grech is still leading it) in 2019 that implies debt is under control and the most pessimistic would have to concede under that scenario the SP would be multiples of today as it must have created sustainabke cashflows. Would anyone seriously wish to upset the apple cart over a few thousand contingent dollars when the underlying assumption attached to the incentive component of remuneration alludes to a turnaround and no doubt a change in fortune coming to its share price?
Voting at AGM, page-6
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